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20121201
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berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you wa
run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the situation is like within that central right next. the pdl has made it clear that there is a serious disagreement within the party. they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation overall is concerned, we did see the spread go higher and there are concerns. the minute
that italy can go back on to a sustainable growth path and -- >> is that with or without berlusconi involved? because end of february are these elections. >> yes. the elections are, of course, more the campaign heading into the elections with all these noises, especially the end ecb noises that we hear from italy. that's going to cause concern that if italy does need help, how likely are they going to be to get it? in the years from 1993 to 2007 italy brought down its debt to gdp ratio to almost 100% and half of that time berlusconi is prime minister. it's not like berlusconi has a record of fiscal spending. >> no. but i guess also the times were different. >> the times were different but the interest rate was slightly higher than it is now. but the primary surplus of the country ran over that period which was an acceptable 3% on average is already right now reached once again. so all the parameters are in the right place and the only thing the next government needs to do is actually nothing. if it does nothing, if it doesn't reverse the reforms -- >> what's interesting is what berlusconi is
're going to think i have made a mistake. silvio berlusconi will pay his former wife $4 million a month in spousal support. they settled their divorce on christmas day. what he is paying is more than 132,000 a day. berlusconi does get to keep the couple's estate according to an italian newspaper. neither party is being blamed for the divorce. berlusconi is 76-year-old now, currently we are told he is date ago woman about 50 years his junior. >>> a 20-year-old surfer is recovering from a shark attack. it happened this morning off the coast of australia. he's expected to be okay, but he lost two fingers in the ordeal. winnen witnesses say he used his surfboard to fight off the fish. >> he was swimming arnhem, and he took about three chunks out of him. >> paramedics say quick thinking probably helped save his life. >>> road crews getting ready for a storm tonight. northern virginia bureau reporter david culver joins us from vdot's headquarters in leesburg. >> reporter: officials say their crews will have to prepare for what's going to be a really long night. they've taken a break from that
-off that we saw on monday and the monte/berlusconi news, now berlusconi might be indicating willingness to let monti govern. the xetra dax is lower this morning. the ftse 100, too, down about 0.2% respectively. take a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the econo
. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit hi
for her. >> shepard: my goodness bunga bunga time. the former prime minister silvio berlusconi the gift that keeps on giving is not letting legal troubles interfere with his love life. the now 76-year-old media tycoon says is he engaged to the woman you see here, she is 28. that's about 50 apart. this video would -- this would be silvio berlusconi's third marriage. is he now fighting charges of having sex with an underaged woman known to the world as ruby the heart steeler and using his office to cover it it up. in october, another court convicted him of tax fraud and sentenced him to four years in the clink. but he is appealing that conviction and says he is considering running again for prime minister of italy. the syrian regime can and will deploy chemical weapons on its own people unless other nations step in. that's the word now from a former syrian general who now leads the rebels. plus, investigators say this beauty queen died after a shootout in mexico and they have now linked one gun at the scene to the failed operation fast and furious. plus, the latest winter storm could thro
, berlusconi and the german chancellor merkel were present. a lot of expressions of support for a monti candidacy here. what does this imply? what are people making of this? >> it's one of these things. in all honesty, we thought that the era of berlusconi had been done and dusted and we had opened a new page. but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with the euro and italy has to walk its own way. that is not something that we would like to hear in the eu eurozone or in berlin. >> silvia, thank you so much for your time. >>> now, a weak ahead of the person of the year, the winner, north korean leader kim jong un. the magazine did
after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs o
. berlusconi says spreads, this is really just a scam. monty says we should care about spreads. want to bring in a third opinion. let's talk about bepo grillo, founder of the five-star movement. not a political party but a movement which benefits from voters' disenchantment with mr. berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the real economy. we need to stop this vicious cycle of debt that is strangling us. >> reporter: many would argue it's the right time for mario monty to leave the political scene. would you agree? >> translator: he needs to disappear. he was, as the americans say, a bluff, a bubble, a bankruptcy curator. our country went bankrupt last
-old berlusconi has announced an engagement to his 27-year-old girlfriend live on italian television. the billionaire revealed that he finally felt, quote, less lonely thanks to his relationship. it will be mr. berlusconi's third marriage provided he can reach divorce arrangements from his current wife. >>> now as investors prepared to head home for the long christmas holiday, we're taking a look at what is in store. a slow grind to recession, that man is david evans, chief financial economist at jeffries. thanks for joining us. when do we come out of recession in europe? >> the uk at the moment is showing clear signs of recovery. i think if we can through the first quarter of nkts year, it all will be recovering. i don't care expect this to be a real turn until the second half. as we go into the second half of next year, it will become clearer. even the eurozone is recovering. within that, you'll have very much the laggards. france won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much of a surprise? >> it will not be a
he will step down when the budget is passed. berlusconi's turn started a year ago. >>> north korea saws a launch is designed to get a satellite into orbit. >>> the syrian rebels are taking an important step. while the fighting will rages, hillary clinton is getting ready to meet with a group of countries supporting the rebels. this would be washington's first step to formally recognizing the opposition government, something france and britain have already done. the army is moving to unify it's command structure to make thorough is has a more educative fighting force. this morning, nelson mandela is in the hospital, jacob zuma paid him a visit, and said there is no cause for alarm. >>> susan, as you can imagine, south africans are holding their collective breath, their very worried about their beloved former president. they call him father in one of the native languages, they adore him. he helped bring democracy to this nation. we're getting very little information about what is wrong with him. as you said, the president visited nelson mandela, and he came out saying he is in good c
the resignation of silvio berlusconi last year. sparked concern that italy may slip back into a recession. >>> president obama and members of the senate will gather later today to say good-bye to one of their own. senator daniel inouye who served. he died last week of respiratory complications. he was 88. senate majority leader has called on abercrombie to appoint a successor before the end of the year. >>> ted kennedy jr., son of
column. >> silvio berlusconi getting hitched. he is engaged to a 28-year-old woman. this is while his sex for hire trial continues in milan. berlusconi is flirting with another run for prime minister. >> that must have been some engagement ring, right? >> that guy, he has -- >> the guy may want to be prime minister, forgetting all of his other problems, europe, the financial sector, terrified of that. >> silvio berlusconi, the gift that keeps on giving. >> john tries to make this very serious. i appreciate you bringing it back to the financial crisis. >> no, no, no. we were focused on something different. >> the sex for hire trial? the proposal during the sex for hire trial? >>> main street might be seeing a run for guns in some places, but wall street, it's the opposite. a look at that, coming up. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 do
between silvio berlusconi, the former prime minister, who this week withdrew his support for the existing mario. they will not call for a dissolution of the par lament or the government in italy. that is a promise made by berlusconi. that is good news because as far as barclays capital is concerned it doesn't matter for the markets. what you really need is a stable government and saying to the opposition, look, if do you empower, make it clear you're going to come through with reforms that are already on the table. in that environment, the fact that we're not going to have a disorderly dissolution in italy, you've seen the yields, in fact, fall on the italian debt. so after yesterday, the yields spike. in other words, the bond market is rising and a little bit more. >> do you think there's as th ce he runs again, berlusconi? >> probably not. the reason he did that, withdrew his support is -- the expectations is not that he'd run, but who knows. the man is a dash the m-- the m character. >> yes, he is. have a great weekend. sharon epperson is live at the nymex. good morning, sharon. >> goo
this afternoon. talk maybe about berlusconi's engagement we we come back. the s military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> the european markets are closing now. >> and with that we surveyed the landscape of both green and red. want to bring in michelle caruso-cabrera as markets close i
the resignation of silvio berlusconi. monti's resignation sparked concern italy may slip back into a recession. president obama and member hers of the senate will gather today to say good-bye to
headlines making news, former italian prime minister sylvio berlusconi, he was forced to resign last year. he's got a new girlfriend. nbc reports he's dating an italian politician that is 49 years younger than he is. he's 76 and francesca is 27. now despite facing a trial for underaged prostitution charges berlusconi is also trying to return to power. he is running for a fourth term as prime minister. >> bill: how much older is he? >> 49 years older than she is. he's 76. she's 27. >> bill: viagra is a wonderful drug. >> another documentary about former president bill clinton is set to be produced to air on hbo. it has a major hollywood name behind it. deadline reporting martin scorsese will produce the project that will explore clinton's perspectives on history, politics, culture and the world. it is reportedly being made with the former president's full cooperation. look for it next year. >> bill: i don't know if he's putting any money into it. >> quite possible. and the world's oldest person, dina of iowa, sa
loss and support from the party of berlusconi paving the way for early elections a year after he pulled the country back from the brink of disaster. >> a massive search-and-rescue effort in the philippines with 900 fishermen missing after a typhoon struck. >> new fallout to the growing political conflict in egypt. egyptians in egypt are flooding into the united states many live ing egypt because of the crisis and for their safety. and now, live in los angeles. dominic, what sort of scale is this wave of asylum seekers? >> napolitano at homeland security says we are seeing a doubling of seekers since the muslim brotherhood took power and 100,000 egyptians have turned up according to unofficial figures. it is mostly the coptic christians and we understand, as well, that new constitution does so little to protect minority rights including christians there and this is an attempt by the islamist to wipe out what remains, really, of the christian community in cairo. take a listen. >> christianity is in the middle coast where the cultures have become islamic, christianity only accounts for 3 p
% of italians are against him running for a second turn. meanwhile, sylvia berlusconi promised yesterday if he's voted back in, he'll reverse some of monti's policies. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> the latest numbers out of china, in the first 11 months, foreign investments led. investment from the u.s. did pick up. . on the equity front, the shanghai composite has been powering ahead up over 9% just this month. with external factors impeding economic growth, the long-term pir r picture may not be rosy. china is the only market of the year like
berlusconi's party with their support setting the stage for new general election in february. ♪ >> gregg: well, look out, from weather, leaving few areas of the country untouched. heavy snow, and strong winds, threatening to make christmas travel a real chore. the nation's airports now looking like waiting rooms. stranded passengers waiting for cancelled flights to be rescheduled and in green bay, wisconsin, home of the packers, buried in snow, so bad, lambeau field is hiring fans to help shovel it away before tomorrow's game. maria molina live in the fox extremes weather center. >> snow storm in the midwest and great lakes and north east and is now exiting the u.s. and pulling into canada amd winding down as far as intensity and snow goes well, have lingering snow showers, in up state new york and portions of vermont and western connecticut and massachusetts. again, overall, the storm system pretty much over and done with, the wind will continue to die down and temperatures, will be chilly behind the storm. midwest, southeast, quiet for today and as we head westbound we still have big t
of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italians essentially should ignore it. he said the spread is a con. back to you, carl. >> he is back. silvio is back. >>> as we head into the final fomc meeting of 2012 fed policymakers have traders on edge. want to get to rick santelli on that in chicago. >> i'm on edge, all right. let's do a summary before i bring my guest
come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the election result in february will be a less strong coalition to enact reform, which is clearly where we hope they will go as in keeping -- trying to keep the investor sentiment going. in rome, they actually auctioned 12 euros of bills. all the politics with berlusconi not really affecting the market. yields are low, confidence still in there. some italian banks rose on the back of that. not huge moves. you can see bpms, up 2.2%. in the center of europe where it was concentrated, other banks moved higher. i'll show you those, lloyds, in the netherlands. and one is a bank here. a tragedy really in spain. essentially 350,000 small shareholders you could argue, were conned to buying the bankia stock when the government owned it last year. they had products based on subordinate debt. we learned the bank's net worth is minus 4 billion euros. in other words,
Search Results 0 to 24 of about 25 (some duplicates have been removed)